Press Release

Gold & Diamond Jewelry Market in Saudi Arabia to Grow at 8% CAGR until 2022

Growing emphasis on exclusive and designer jewelry, changing lifestyle and increasing use of 3D printing to drive Saudi Arabia gold & diamond jewelry market through 2022

According to a recently released TechSci Research report, Saudi Arabia Gold & Diamond Jewelry Market By Type, By Distribution Channel, By Organized Vs. Unorganized, Competition Forecast & Opportunities, 2012 – 2022, the gold & diamond jewelry market in Saudi Arabia is projected to cross $ 6 billion by 2022 on account of rising per capita disposable income, growing use of 3D printing in jewelry, and aggressive marketing and promotional strategies by industry players. Moreover, growing brand consciousness and inclination towards western brands are resulting in the emergence of stylish & exclusive designed jewelry in Saudi Arabia, which is expected to boost demand for gold & diamond jewelry in the country during forecast period.

Browse 4 market data Tables and 42 Figures spread through 80 Pages and an in-depth TOC on  "Saudi Arabia Gold & Diamond Jewelry Market"

https://www.techsciresearch.com/report/saudi-arabia-gold-diamond-jewelry-market/1578.html


Leading players in Saudi Arabia gold & diamond jewelry market are offering jewelry keeping in mind fast-changing consumer preferences, latest fashion trends, and rising interest of youth towards contemporary designs. Damas, Malabar Gold & Diamonds, L’azurde Company for Jewelry, Joyalukkas and Gitanjali Gems are some of the leading players in Saudi Arabia gold & diamond jewelry market. In 2016, western region dominated the country’s gold & diamond jewelry market as the region boasts presence of most of the leading market players along with multiple exclusive showrooms and multi-branded retail outlets. The region is anticipated to maintain its market dominance in the coming years as well.

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“Saudi Arabia gold & diamond jewelry market is expected to offer lucrative opportunities to industry players, owing to changing consumer lifestyle, rapid urbanization and growth in organized retail & e-commerce channels in the country. Also, some companies are offering customized jewelry as per consumer choice, which is also gaining market traction. All these factors are anticipated to bolster growth in Saudi Arabia gold & diamond jewelry market in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Saudi Arabia Gold & Diamond Jewelry Market By Type, By Distribution Channel, By Organized Vs. Unorganized, Competition Forecast & Opportunities, 2012 – 2022 has evaluated the future growth potential of Saudi Arabia gold & diamond jewelry market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the Saudi Arabia gold & diamond jewelry market.

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Relevant Reports

Saudi Arabia Gold & Diamond Jewelry Market By Type (Gold, Diamond in Gold & Diamond), By Distribution Channel (Exclusive Showrooms, Online & Others), By Organized Vs. Unorganized, Competition Forecast & Opportunities, 2012 – 2022

Consumer Goods and Retail | Dec, 2017

Growing emphasis on exclusive and designer jewelry, changing lifestyle and increasing use of 3D printing to drive Saudi Arabia gold & diamond jewelry market through 2022

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